International Accounting Standard 2 Inventory. IAS 2 Full Lesson & Examples

If you’re studying accounting, you must understand the IAS 2 inventory rule. In this video, I explain the key principle in IAS 2 Inventories: Inventory must be measured at the lower of cost and net realizable value (NRV). You will learn: • What inventory cost includes • What Net Realizable Value (NRV) means • Why companies write inventory down • A simple exam example Perfect for students preparing for: • ICAN • ACCA • University accounting exams If you want to master IFRS accounting standards easily, subscribe for daily accounting and finance lessons. #ias2 #accounting #ifrs #accountingstudents #ican #acca #InventoryAccounting #financeeducation